Premier Ben Carroll’s announcement to build more than 25,000 homes for first-home buyers is a welcome step towards tackling Victoria’s housing crisis. However, Prosper Australia has expressed major disappointment that homes built on public land, with public money, could be…
Australia could collect around $45 billion more each year from the finite mineral and petroleum resources it owns, according to a new report from the Prosper Australia Research Institute. The report, Australia’s Resource Wealth Giveaway, compares Australia with comparable resource-rich…
Prosper Australia has condemned the Victorian Government’s decision to unwind its land tax reforms, warning that the move puts short-term political relief ahead of the long-term interests of working Victorians. Premier Ben Carroll has announced that Victoria’s land tax-free threshold…
Renowned economist and journalist Adam Creighton will describe land tax as “the most unsuccessful great idea in economic history”, remaining a tiny share of government revenues despite having strong intellectual support from economists across the political spectrum, from Friedman to…
Prosper Australia says the Federal Government’s focus on the rapid expansion of data centres is welcome, but argues it is overlooking one of the biggest economic questions: who benefits from the enormous increases in land values created by the AI…
Prosper Australia has released a major new paper by Catherine Cashmore, The Land Cycle, warning that Australia is in the late stages of a historically recurring land price cycle. The paper presents a long-form, narrative-driven analysis of how land…
Independent economic think tank Prosper Australia has slammed threats from Elon Musk’s SpaceX to withhold satellite-based mobile services from Australia unless it is handed valuable public spectrum access for free. “Let’s be clear: Australia’s airwaves are a public resource, not…
Prosper Australia has rejected calls for new tax breaks and subsidies for developers in Geelong’s CBD, warning that such measures would shift private risk onto taxpayers without addressing the root cause of stalled development. “Governments should not be in the…
Prosper Australia’s latest Speculative Vacancies data update reveals a 16% rise – to 31,890 – in totally empty homes in Melbourne over the past year. This rise in empty dwellings has undermined the benefit from new housing supply coming online.…
Prosper Australia today welcomed the inclusion of a stamp duty to land tax transition in Infrastructure Victoria’s new strategy but criticised the absence of value capture as a sustainable and equitable funding mechanism. “We applaud Infrastructure Victoria’s endorsement of a…